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AI deepfakes have become a significant threat to the crypto industry, as hackers are using them to impersonate trusted contacts and trick unsuspecting executives into installing malware. In a recent warning, Binance CEO Changpeng Zhao sounded the alarm on these attacks, stating that video verification may no longer provide a reliable method for confirming identity in online communications.
Zhao emphasized the need for vigilance, urging crypto professionals not to install software updates from unverified links, especially those sent by “friends” who are likely hacked. This warning comes after multiple high-profile figures have fallen victim to these scams, including Mon Protocol, Stably, and Manta Network founders.
Notably, security experts believe the North Korea-linked Lazarus Group is behind these attacks, which have become increasingly sophisticated. The Lazarus Group has been responsible for some of the most damaging cyberattacks on crypto platforms globally in the past. Their new tactics include the use of advanced AI tools to deceive and infiltrate networks.
The trend of deepfake impersonations as a means of perpetrating high-value fraud is alarming. According to data, it accounts for 40% of such cases this year alone. The scale of this issue highlights a severe security gap affecting multiple sectors.
Zhao’s warning serves as a stark reminder that even the most experienced individuals can fall prey to these sophisticated attacks. As the cryptocurrency industry grapples with the severity of this threat, it is essential for executives and investors alike to remain cautious and skeptical during online communications, particularly Zoom calls.
The use of AI-powered deepfakes has led to an unprecedented level of deception in the crypto space, with hackers mimicking personal connections to deceive their targets. This tactic has been used by cybercriminals to gain access to sensitive information and compromise system access, exposing accounts and wallets to immediate theft.
Recent incidents have seen hackers impersonate acquaintances using realistic deepfakes during Zoom meetings, convincing victims to install fake software updates that are actually malware-laden links. Once installed, the malware compromises system access, leaving users’ crypto assets vulnerable to exploitation.
Zhao’s call for action highlights the urgent need for enhanced security measures and heightened awareness among all stakeholders within the crypto industry. The recent surge in AI-powered deepfakes in Zoom calls underscores the importance of prioritizing online safety and vigilance in today’s rapidly evolving market landscape.
As the use of AI-driven deepfakes becomes increasingly prevalent, it is crucial that users remain vigilant and proactive in their approach to cybersecurity.
Source: coincentral.com
